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American Express' boost

Published 21/10/2011

American Express card holders used their cards more and spent more in the third quarter than a year earlier, the company said, crediting those increases for a 13% jump in its net income.

Card holders spent $3,739 (£2,377) on average using American Express cards during the quarter, a 12% increase from last year, while card users' spending rose 16% overall.

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